Invoking Revisionary powers u/s 263 merely on the basis of suspicion not justified. Where AO made necessary inquiry and satisfied…
Revision u/s 263 on issues not covered under limited scrutiny quashed as AO could not had gone into other issues…
Inadequate enquiry or insufficient material on record cannot be a ground to invoke powers under Section 263 of the Act…
Revision u/s 263 to exclude issues settled in Vivad se Vishvas Scheme 2020. ITAT directs AO not to consider capital…
Taking a view should be backed by reasons in the order itself with evidences and independent enquiry. ITAT upheld revision…
Deeming provision of section 68 not apply if no sum is received in terms of any money, i.e., in cash…
Lack of enquiry in a particular manner or as per procedures prescribed vitiates the assessment only when relevant provisions are…
For Revision u/s 263, records include records relating to assessment proceedings of preceding assessment years ABCAUS Case Law Citation:ABCAUS 3271…
CIT should make detailed enquiry at revision stage if he wants to take a different view and give finding how…
Assessment Order passed several months ahead of deadline without making inquiries/verification is without due application of mind & in avoidable…